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Overview In 2021 Tuvalu was the number 191 economy in the world in terms of total exports and the number 209 in total imports.

Exports The top exports of Tuvalu are Tug Boats ($108M), Non-fillet Frozen Fish ($19.3M), Nitrile Compounds ($157k), Integrated Circuits ($111k), and Electrical Power Accessories ($86.6k), exporting mostly to Thailand ($117M), Nigeria ($5.96M), Philippines ($3.63M), South Korea ($947k), and Ecuador ($288k).

Imports The top imports of Tuvalu are Passenger and Cargo Ships ($51M), Fishing Ships ($21.6M), Refined Petroleum ($13.3M), Other Sea Vessels ($3.13M), and Tug Boats ($2.87M), importing mostly from China ($46.4M), Japan ($41.9M), Fiji ($17.1M), South Korea ($11.5M), and New Zealand ($5.45M).

Latest Trends

Latest Trade

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The following section uses the most recent trade data from partners of Tuvalu.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

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The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Tug Boats$108M
Top Destination (2021)Thailand$117M

In 2021, Tuvalu exported a total of $129M, making it the number 191 exporter in the world. During the last five reported years the exports of Tuvalu have changed by $85.8M from $42.8M in 2016 to $129M in 2021.

The most recent exports are led by Tug Boats ($108M), Non-fillet Frozen Fish ($19.3M), Nitrile Compounds ($157k), Integrated Circuits ($111k), and Electrical Power Accessories ($86.6k). The most common destination for the exports of Tuvalu are Thailand ($117M), Nigeria ($5.96M), Philippines ($3.63M), South Korea ($947k), and Ecuador ($288k).

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Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
Thailand$110M (+ 1.79k%)
South Korea$899k (+ 1.85k%)
Slovenia$136k (+ 97.3%)
Fastest Growing Import Markets (2020 - 2021)
China$30.3M (+ 188%)
Japan$16.1M (+ 62.1%)
Fiji$4.42M (+ 34.9%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Tuvalu Exports Services (2008)$5.58M
Tuvalu Imports Services (2008)$18.9M

In 2008, Tuvalu exported $5.58M worth of services. The top services exported by Tuvalu in 2008 were Compensation of employees ($3.16M), Travel ($1.5M), Other business services ($301k), Transportation ($290k), and Communications services ($163k).

The top services imported by Tuvalu in 2008 were Transportation ($7M), Travel ($4.98M), Other business services ($3.02M), Personal, cultural, and recreational services ($1.8M), and Services not allocated ($1.47M).

Service Exports (2008)

Service Imports (2008)

Economic Complexity

Most Specialized Products by RCA Index

Tuvalu has a high level of specialization in Tug Boats (4.83k), Non-fillet Frozen Fish (126), Coin (14.4), Vinegar (9.61), and Collector's Items (5.57). Specialization is measured using RCA, an index that takes the ratio between Tuvalu observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Tuvalu according to the product complexity index (PCI) are Nitrile-function compounds (1.05), Vinegar and substitutes for vinegar obtained from acetic acid (0.29), Coin (0.23), Containers for compressed or liquefied gas, of iron or steel (0.044), and Boats, floating structures, other (for e.g. rafts, tanks, coffer-dams, landing stages, buoys... (-0.37). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Tuvalu according to the relatedness index, were Cocoa Beans (0.014), Refined Petroleum (0.014), Crustaceans (0.014), Coconuts, Brazil Nuts, and Cashews (0.013), and Recreational Boats (0.013). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Tuvalu is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Tuvalu. These are products that tend to be co-exported with the products that Tuvalu exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

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